Don't Target Taxes

Why high earners deserve a break too, and paying down the debt still makes the most sense

One of the mystifying things about President Bush's tax plan is that it targets select taxpayers for breaks, such as the education savings account and the child credit. Hasn't Dubya heard? Credits, exemptions and deductions aimed at specific taxpayer profiles don't resonate. Not with voters anyway. Al Gore's tax plan had more targets than a rifle range, and all it got him was a fast ticket home. Targeted cuts don't resonate with people who fill out their own tax returns either. Breaks that phase out as you go up the income ladder or are linked to the type of child care...

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